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The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account

Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During the second half of the 1990s, this deterioration was fueled by foreign investment in a booming U.S. stock market. During the first half of the...

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Bibliographic Details
Main Authors: Kraay, Aart, Ventura, Jaume
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
BANKING CRISES
BONDS
BORROWING
BUDGET DEFICITS
CAPITAL GAINS
CAPITALIZATION
COST OF CAPITAL
CROWDING OUT
DEBT
DEFAULT RISK
DIVIDENDS
ELASTICITY
ELASTICITY OF SUBSTITUTION
EMERGING MARKETS
EQUATIONS
EQUILIBRIUM
EXCHANGE RATE
EXPECTED RETURN
EXPECTED UTILITY
EXPECTED VALUE
EXPORTS
FINANCIAL MARKETS
FISCAL DEFICITS
FISCAL POLICIES
FISCAL POLICY
FOREIGN ASSETS
FOREIGN INVESTMENT
FOREIGN INVESTORS
GNP
GOVERNMENT BONDS
GOVERNMENT DEBT
GROWTH RATE
INCOME
INDIRECT CHANNELS
INEFFICIENCY
INFLATION
INTEREST RATE
INVESTMENT EXPENDITURES
LOW INTEREST RATES
PORTFOLIO
PRODUCTIVITY
PUBLIC DEBT
REAL GDP
REAL INTEREST RATE
SAVINGS
SHAREHOLDERS
TREASURY
TREASURY BILLS
WEALTH
WORLD EQUILIBRIUM MODEL
Online Access:http://documents.worldbank.org/curated/en/2005/08/6133258/dot-com-bubble-bush-deficits-current-account-dot-com-bubble-bush-deficits-current-account
http://hdl.handle.net/10986/8633

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